AZERBAIJAN BACKGROUND CHECK

No corporation or firm in the world ever wants to get involved in the fraud or any scam to gets its reputation tarnished. This is why companies often opt to have background screening of candidates they hire, because they are some elements, if not verified then there are chances of any mishap.

Azerbaijan is amongst the countries where the importance of background verification is significantly high. Our company is the first choice if you are looking for an expert firm in screening industry. So go no further. We have an edge over all other companies of the industry working here in Azerbaijan to have vast experience in background verification and mitigating risk.

Whether it is a testimonial, records, credentials, for any other facts you want to corroborate, we cover all the requirements fields. No minute details can escape our cutting-edge services.

We are offering our background screening services to all the cities in Azerbaijan, including Baku, Qaracuxur, Yevlax, Mastaga, Agdam, Xacmaz, Salyan, Hovsan, Goycay, Kirovskiy, Imisli, Lokbatan, Sabirabad, Buzovna, Agdas etc.

You can reach us any time via our email: [email protected]. Just get your query recorded through it, and one of our team members would contact you back.

General Information
GDP USD67.2bn (World ranking 67, World Bank 2012)
Population 9.3 million (World ranking 91, World Bank 2012)
Form of state Republic
Head of government Ilham ALIYEV
Next elections 2015, legislative

General Information GDP USD67.2bn (World ranking 67, World Bank 2012) Population 9.3 million (World ranking 91, World Bank 2012) Form of state Republic Head of government Ilham ALIYEV Next elections 2015, legislative

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PRODUCTS IN AZERBAIJAN

OUR SERVICES IN AZERBAIJAN

Local Police Check, Azerbaijan

Police is the only force anywhere upon which you can trust. Police belongs to the community and have deep links at the grassroots level, so it is the most authentic source of knowledge when you need to know about someone. This is the reason we offer Local Police Check services with three levels; Basic, Standard and Advanced. You can choose any service that matches your budget and needs.

County Court Judgements (CCJ), Azerbaijan

Sometimes you have no idea that there is some sort of scam or fraud is going on about the applicant or candidate, or that he/she has been involved in any lawsuit or litigation process. But don’t worry; we are here to help you out in this, with our deep reach to the local and national courts.

Bankruptcy Check, Azerbaijan

Would you employ someone at your company if you come to know about his bankruptcy or financial fraud; and if you already have hired someone then this sort of revelation would bring regret and remorse and notoriety to the reputation of your company. Through our Bankruptcy Check Services, you can verify all of the above mentioned, it is better to be safe than sorry.

Credit Check, Azerbaijan

There are two additional things besides Bankruptcy which are involved in this check, Insolvency and Individual Voluntary Arrangements. The complete financial history of the applicant is verified in this service.

Media is very powerful tool in today’s world; once you appeared in any scam in the media then you are gone for life. What media reports’ say about the applicant is our basic query to verify in this Check; we contact different media channels and newspapers in this media intelligence search.

Anti Corruption Laws

Commission on Combating Corruption under the State Council on Management of the Civil Service

(Adopted on: June 02, 2005)

Section 1. General provisions

Commission on Combating Corruption under the State Council on Management of the Civil Service (herein and after Commission) has been established according to Section 4.2 of the Anti-Corruption Act 2004 and acts as a specialized agency in the field of preventing corruption.

Commission is governed by the Constitution of the Republic of Azerbaijan, international treaties to which it is a party, acts of the Republic of Azerbaijan and other statutory instruments, as well as, this Statute.

Commission is composed of and operated by 15 (fifteen) members who are appointed as follows:

• 5 (five) members by the President of the Republic of Azerbaijan;

• 5 (five) members by Milli Mejlis (Parliament) of the Republic of Azerbaijan;

• 5 (five) members by the Court of the Republic of Azerbaijan.

• Commission sets its activities in cooperation with legislative, executive and judicial powers and regularly informs them on state of struggle against corruption.

II. Principal objectives of the commission

• Followings are the main objectives which Commission performs:

• participate in the formation of the state policy on corruption and coordinate the activity of public institutions in this area;

• analyze the state and efficiency of the fight against corruption;

• supervise the implementation of the State Program against Corruption;

• collect financial declarations envisaged in Section 5.1 of the law on “Combating Corruption” of the Republic of Azerbaijan;

• supervise the submission process of the financial declarations envisaged in Section 5.1 of the law on “Combating Corruption” of the Republic of Azerbaijan ;

• collect, analyze and summarize information regarding corruption related law violations and make proposals to the appropriate public institutions;

• cooperate with public and other institutions in the field of combating corruption.

• Commission fulfills other duties provided by the legislation.

III. Basic authorities of the Commission

• Commission, in order to reach its objectives, is vested with following authorities:

• To study and generalize the state of execution of the anti-corruption legislation and to hear the reports and information provided by the heads of the law enforcement and other state bodies;

• To receive from state and local administrative bodies necessary information and materials;

• To receive information on the state of the implementation of the State Program on Combating Corruption from the corresponding state bodies and analyses the state of the implemented works;

• To prepare recommendations and proposals for increasing the efficiency of the combating corruption and elimination of the shortcomings in the field of combating corruption and take measures for their implementation;

• To take measures for organization of public awareness in the area of combating corruption and conduction of public surveys

• To cooperate with NGO’s, mass-media, private sector representatives’, independent experts and in case of necessity to involve them for the execution of certain tasks;

• To take part in international cooperation for increasing the efficiency and organization of the struggle against corruption;

• To send the materials for examination to the competent authority, shall it contain the constitutive elements of the corruption related offences,

• To make proposals for the improvement of the anti-corruption legislation;

• Commission shall have other authorities provided by the legislation.

IV. Organization of the activity of the commission

• Chairperson of the Commission organizes and manages the activity of the Commission. Members of the Commission elect the chairperson by simple majority of the votes.

• Commission considers the issues within its competence at its sessions. Commission holds regular meeting which shall occur at least once in every three months. If necessary, the Commission shall be summoned in extraordinary meetings according to the Regulations provided by Section 4.5 of this Statute.

Meeting of the Commission is considered valid shall 2/3 of the members be present. Commission passes its decision by simple majority of votes of those members present. Shall the votes split equally, the vote of the chairperson prevails. Commission’s member is entitled to attach his special personal opinion to the decree of the Commission if it differs from the Commission’s.

• Other people may be invited to the meetings of the Commission.

• Members of the Commission are independent in their activity.

• Commission endorses its Regulations.

• Commission has its headed note-paper containing National Symbol of Azerbaijan.

• Permanent Secretariat attached to Commission is established. The chair and members of the Secretariat are appointed by the Commission. The Secretariat fulfils organizational tasks related to arrangement of the meetings of the Commission, prepares documents for the issues to be raised in the Commission meetings and provides clerical support

• Secretariat is a public institution and its members are public servants.

• Commission determines the authorities of the Secretariat.

• Secretariat is funded from the state budget.

• Commission sets up annual report on its activities and submits it to the President of the Republic of Azerbaijan, Milli Majlis and Constitutional Court of the Republic of Azerbaijan.

According to the law “On the declaration of financial information by public officials” the Commission receives the financial declarations of the officials as envisaged in the Rules. (See the rules in detail).

Direction and organization of the activities of the Commission is carried out by the chairperson of the Commission. The chairperson of the Commission is elected by a simple majority of votes among its members.

Permanently functioning Secretariat is set up within the Commission. The Secretariat has the status of state organ according to the law “On civil service” and its officials are civil servants.

Commission prepares annual report and presents it to the President of the Republic of Azerbaijan, “Milli Mejlis” of the Republic of Azerbaijan and Constitutional Court of the Republic of Azerbaijan.

(Adopted by Parliament on: 13 January 2004)

This Law is aimed at prevention and detection of offences related to corruption and removal of consequences thereof, protection of social justice, human rights and freedoms, the creation of favorable conditions for development of the economy, and ensuring the lawfulness, transparency and effectiveness of activities of State authorities, municipal bodies and officials.

The aim of this Law is also to strengthen the confidence of the people in State authorities, to encourage professionals to take service in the State authorities and municipal bodies, and to create conditions precluding those persons from committing offences related to corruption.

Chapter I General provisions

Article 1. Definition of corruption

Corruption shall mean illicit obtaining by an official of material and other values, privileges or advantages, by using for that purpose his or her position, or the status of the body he or she represents, or his or her official powers, or the opportunities deriving from those status or powers, as well as bribery of an official by illicit offering, promising or giving him or her by individuals or legal persons of the said material and other values, privileges or advantages.

Article 2. Subjects of offences related to corruption

2.1. The following persons may be subjects of offences related to corruption:

2.1.1. Persons elected or appointed to the State bodies within the procedure laid down in the Constitution and laws of the Republic of Azerbaijan;

2.1.2. Persons who represent the State bodies on the basis of special powers;

2.1.3. Public servants who hold administrative office;

2.1.4. persons who exercise management or administrative functions in appropriate structural units of the State bodies, in State-owned institutions, enterprises and organizations as well as in enterprises in which the control package of shares is owned by the State;

2.1.5. Persons whose candidatures to elective offices in the State bodies of the Republic of Azerbaijan were registered as stipulated by Law;

2.1.6. Persons elected to municipal bodies within the procedure laid down in the legislation of the Republic of Azerbaijan;

2.1.7. Persons who exercise management or administrative functions in municipal bodies;

2.1.8. Persons who exercise management or administrative functions in non-State entities discharging the powers of State authorities in cases provided for by law;

2.1.9. persons who obtain material and other values, privileges or advantages for having unlawfully influenced the decision of an official, by using for that his or her authority or links;

2.1.10. individuals or legal persons who unlawfully offer, or promise, or give material and other values, privileges or advantages to an official, or who mediate in such acts.

2.2. Persons referred to in Articles 2.1.1 – 2.1.8 of this Law shall be regarded as officials for the purposes of this Law.

Article 3. Scope of application of the Law

In the territory of the Republic of Azerbaijan this Law shall apply to all individuals, including foreigners and stateless persons, as well as legal persons. Beyond the territory of the Republic it shall apply to citizens of the Republic of Azerbaijan and legal persons registered in the Republic of Azerbaijan, in accordance with the international treaties to which the Republic of Azerbaijan is a party.

Article 4. Bodies carrying out the fight against corruption

4.1. All State bodies and officials shall, within their powers, carry out the fight against corruption. In cases, where an offence related to corruption gives rise to administrative or criminal responsibility, the fight against corruption shall be carried out by the law enforcement bodies within the procedure laid down by law.

4.2. The functions of a specialized body in the field of prevention of corruption shall be discharged by the Commission on Combating Corruption (hereinafter “the Commission”) under the Council on Public Service Management.

4.3. The Commission shall consist of members appointed by the executive, legislative and judicial bodies. The powers of the Commission shall be determined by a statutory act.

Chapter II Prevention of corruption

Article 5. Requirements of financial nature

5.1. Officials shall submit the following information within the procedure laid down by the legislation:

5.1.1. Yearly, on their income, indicating the source, type and amount thereof;

5.1.2. On their property being a tax base;

5.1.3. on their deposits in banks, securities and other financial means;

5.1.4. On their participation in the activity of companies, funds and other economic entities as a shareholder or founder, on their property share in such enterprises;

5.1.5. On their debt exceeding five thousand times the nominal financial unit;

5.1.6. on their other obligations of financial and property character exceeding a thousand times the nominal financial unit.

5.2. The information envisaged in Article 5.1 of this Law can be demanded in an order defined by the legislation.

Article 6. Responsibility for violation of requirements of financial nature

6.1. Officials or persons wishing to take up a public office shall be notified of the requirements envisaged in Article 5.1 of this Law as well as of the legal consequences of the failure to comply with those requirements, as provided for in the legislation.

6.2. Rules of exercising the control over compliance with the requirements envisaged in Article 5.1 of this Law shall be defined by the legislation.

6.3. Officials’ failure to comply with the requirements envisaged in Article 5.1 of this Law that is the failure, without any reasonable excuse, to timely submit the information mentioned in this Article, or the willful submission of incomplete or distorted information may give rise to disciplinary responsibility of those persons. Persons, in respect of whom a special procedure is provided for in the Constitution and laws of the Republic of Azerbaijan for initiating disciplinary proceedings, may be subject to disciplinary responsibility in accordance with those rules.

6.4. The Commission may have published in the official press information of the persons who fail to comply with the requirements envisaged in Article 5.1 of this Law.

Article 7. Prohibition for next of kin to work together

7.1. The next of kin of an official may not hold any office under his or her direct subordination, except for the elective offices and other cases provided for in the legislation.

7.2. Persons who violate the requirements of Article 7.1 of this Law shall, within 30 days of the finding of that violation, be transferred, if such violation is not removed voluntarily, to another office excluding subordination, and when this is not possible, either of the persons concerned shall be dismissed from his or her office.

7.3. Persons dismissed from their office on the grounds specified in Article 7.2 of this Law, may hold office in other bodies, institutions, enterprises or organizations.

Article 8. Restrictions related to gifting

8.1. In cases, where gifts received by an official in connection with performing of his or her service duties (powers), cost more than fifty nominal financial units, shall be considered as belonging to the State authority or municipal body in which that official is performing his or her service duties (powers). If a gift given to an official is envisaged for his or her personal use, that official may obtain the gift by paying the distinction in its price to the State authority or municipal body in which that official is performing his or her service duties (powers).

8.2. In entering into civil contracts with physical and legal persons or in performing them, officials shall be prohibited from obtaining any privileges or advantages relating to their service activity.

8.3. Violation of the rules specified in Articles 8.1 – 8.2 of this Law shall entail responsibility as laid down in Article 6 of this Law.

Chapter III Offences related to corruption and responsibility for such offences

Article 9. Offences related to corruption

9.1. Offences related to corruption consist of corruption offences themselves and offences conducive to corruption.

9.2. The following acts or inaction shall be considered as corruption offences:

9.2.1. the request or receipt by an official, directly or indirectly, of material and other values, privileges or advantages, for himself or herself or for third persons, or the acceptance of an offer or a promise of such material as other values, privileges or advantages, for acting or refraining from acting in the exercise of his or her service duties or powers;

9.2.2. the offering, promising or giving to an official by individuals or legal persons, directly or indirectly, of material and other values, privileges or advantages, for himself or herself or for third persons, for acting or refraining from acting in the exercise of his or her service duties or powers;

9.2.3. the use by an official of unlawfully obtained property with a view to deriving benefit for himself or herself or for third persons, for acting or refraining from acting in the exercise of his or her service duties or powers;

9.2.4. the obtaining by an official, in the course of performing his or her service duties (powers) of material and other values, privileges or advantages without payment or for price (tariff) lower than the market price or the prices regulated by the State;

9.2.5. the getting by an official, in the course of performing his or her service duties (powers), benefits from savings (deposits), securities, rent, realty or lease;

9.2.6. the offering, promising or giving, directly or indirectly, of material and other values, privileges or advantages to any person who states of his or her ability to exert improper influence over the decision-making of an official;

9.2.7. the receipt of material and other values, privileges or advantages or the acceptance of an offer or a promise of such material or other values, privileges, advantages, by a person who, for certain reward, states of his or her ability to exert an improper influence over-the decision-making of an official;

9.3. The following acts or inaction of an official shall be considered as offences conducive to corruption:

9.3.1. in the course of performing his or her service duties (powers), to hold any lucrative office or to engage in any lucrative activity, except for the scientific, pedagogical and creative activity;

9.3.2. using his or her position, or the status of the body he or she represents, or the official powers, or the opportunities deriving from those status or powers, to render any illicit assistance to individuals and legal persons in carrying out their entrepreneur activities, in receiving by them subsidies, subventions, donations, credits and other privileges with a view to obtaining by them material and other values, privileges or advantages;

9.3.3. To engage, directly, through other or fictitious persons, in entrepreneur activity, to hold more than one office (except for the scientific, pedagogical and creative activity), as well as to enter into the executive bodies of economic entities carrying out entrepreneur activity, and financial and credit enterprises;

9.3.4. to unlawfully interfere with the activity of other State bodies on issues not falling within his or her competence, by using his or her status, or the status of the body he or she represents, or his or her powers, or the opportunities deriving from those status and powers;

9.3.5. to exert influence on the solution of issues related to his or her personal interest, by using his or her status, or the status of the body he or she represents, or his or her powers, or the opportunities deriving from those status and powers;

9.3.6. When adopting normative legal acts and other decisions, to give any advantages to individuals or legal persons not pertaining to their designation;

9.3.7. To be a representative of individuals or legal persons in affairs of the body in which he or she is holding an office or the body under his or her subordination or supervision or accountable to him or her;

9.3.8. to refuse, without due grounds, giving to individuals or legal persons information as provided for in the laws or other normative legal acts, or to delay the giving of that information or to give incomplete or distorted information;

9.3.9. To demand from individuals or legal persons any information the giving of which is not envisaged in the laws or other normative legal acts;

9.3.10. to give, without legal grounds, the material and financial means of the State authorities or municipal bodies to the election fund of candidates, registered candidates, political parties, blocks of political parties, referendum initiative groups;

9.3.11. Unless otherwise provided for in the legislation, to give to non-State structures the material and financial resources belonging to the State funds, to economic entities of State authorities or municipal bodies;

9.3.12. To create artificial hurdles to individuals or legal persons for the realization of their rights and legitimate interests;

9.3.13. To give the powers related to the regulation by State of entrepreneur activity to individuals or legal persons exercising such activity.

9.4. In addition to the cases envisaged in this Law, other offences related to corruption may be determined by legislative acts governing the activity or status of officials.

Article 10. Responsibility of officials for offences related to corruption

10.1. Offences related to corruption shall give rise to disciplinary, civil, administrative or criminal responsibility as provided for in the legislation.

10.2. In cases, where commission by an official of offences referred to in Article 9 of this Law entails civil, administrative or criminal responsibility, instituting of legal proceedings against that official shall be carried out in accordance with relevant legislation of the Republic of Azerbaijan.

10.3. Measures of disciplinary responsibility for offences related to corruption shall be governed by this Law and other legislative acts.

10.4. In cases, where commission of offences referred to in Article 9 of this Law does not entail administrative or criminal responsibility, it shall give rise to disciplinary responsibility as provided for in the legislation, by complying with the following special circumstances:

10.4.1. In cases, where persons elected to the State authorities within the procedure laid down in the Constitution and laws of the Republic of Azerbaijan commit any of the offences referred to in Article 9 of this Law, the anti-corruption body shall inform thereof the State authority, to which the official concerned was elected.

10.4.2. In cases, where persons elected to municipal bodies within the procedure laid down in the legislation of the Republic of Azerbaijan commit any of the offences referred to in Article 9 of this Law, the anti-corruption body shall inform thereof the respective election commission. The election commission shall, within 5 days as of the day when it receives relevant materials, inform of the offence committed by the person concerned the municipal body, to which he or she was elected.

10.4.3. In cases, where offences referred to in Article 9 of this Law are committed by persons whose candidatures to elective offices in the State bodies of the Republic of Azerbaijan were registered as stipulated by law, those persons shall be subject to the measures envisaged in the Election Code of the Republic of Azerbaijan.

10.4.4. If judges commit any of the offences referred to in Article 9 of this Law, the anti-corruption law shall inform thereof the Supreme Court of the Republic of Azerbaijan for being considered at the Disciplinary Board of the Supreme Court and taking relevant disciplinary measures.

Article 11. Responsibility of individuals and legal persons for corruption offences

11.1. Individuals committing corruption offences as defined by law, if these acts do not constitute a crime, shall be subject to an administrative fine.

11.2. Legal persons committing corruption offences as defined by law shall be imposed a fine within the procedure laid down by the legislation, or their activity shall be terminated.

Chapter IV Removal of consequences of offences related to corruption

Article 12. Confiscation of unlawfully obtained property and compensation of unlawfully obtained privileges or advantages

12.1. The property unlawfully obtained by officials as well as the costs of unlawfully obtained by them privileges or advantages shall be voluntarily compensated to the benefit of the State. In cases, where officials refuse to return the unlawfully obtained property or to compensate it as well as the costs of the unlawfully obtained privileges or advantages, the unlawfully obtained property or its costs and the costs of the unlawfully obtained privileges or advantages shall be compensated to the benefit of the State by a court decision on the basis of a lawsuit brought in by the State bodies concerned.

12.2. Pending judicial examination, measures may be taken by a court against the property of the respondent as provided for in the Civil Procedure Code of the Republic of Azerbaijan.

Article 13. Revocation of acts adopted as a result of offences related to corruption

Acts adopted as a result of offences related to corruption may be revoked by the State bodies concerned or by court pursuant to a request made by the State bodies concerned or other persons.

Article 14. Entry into force

This Law shall come into force as of 1 January 2005.

(Adopted on: 03 May 2005)

The “Millie Merles” of the Republic of Azerbaijan takes decision:
I. to make following amendments to the law of the Republic of Azerbaijan on “Combating Corruption” (The compilation of the Laws, 2004, N 3, article 125)

1. To replace the words in articles 5.1 and 6.2 “by Commission” with the words “by legislation”

2. To present article 5.2 in a below mentioned edited form:

“Information mentioned in the article 5.1 of this Law shall be required according to legislation”

II. This law takes power starting from the day of its printing

Police Background Check Procedures

Who can apply?

•  Restricted to individuals who must apply through an embassy or in Azerbaijan Where?
•  Applicants can apply by person or post both in Azerbaijan and in the UK through the embassy listed below

What must the applicant supply?

The applicant must supply the following:
•  Copy of passport (main pages and stamps)
•  Copy of National ID card (for Azerbaijani citizens)
•  Copy of migration card issued by Azerbaijani authorities (for foreign citizens)
•  Explanatory letter (information on recent addresses, activities in Azerbaijan, why they need certificate)

What are the costs / turnaround times?

•  The cost of applications is £17.
•  Turnaround time is less than 40 days

Contact details

Embassy of Azerbaijan
4 Kensington Court
W8 5DL
Tel: 020 79385482

Azerbaijan – Know Your Customer (KYC) Rules

During the last decade, Azerbaijan has seen quick economic turnaround after the implementation of economic reforms. Though Azerbaijan wants to diversify its economy, half of its revenue generated through energy sector and it is the backbone of its GDP. All the other sectors are not that much robust and developed including financial sector. Due to this vulnerability of the financial sector it has turned out to be like a sitting duck for the foreign entities -- which are looking to launder their black money and for terror-financing.

Corruption is rampant in Azerbaijan which is the major source for endemic crimes, which cuts across all sectors of the economy and all layers of society. Global reports also point out that Azerbaijan is the vital transit country for the Afghan drug trade. Through drug-trafficking a huge amount of illicit funds are generated, while sources for this illegal fund include robbery, tax evasion, smuggling, human trafficking, and organized crime.  Due to weak banking system and parallel non-banking system money laundering is easy. To stop these financial malpractices, government has tried to discourage the cash-based transactions, educating banks about the steps to stop suspicious transactions.

 

Enhanced due diligence procedures for PEPs:

PEP is an abbreviation for Politically Exposed Person, a term that describes a person who has been entrusted with a prominent public function, or an individual who is closely related to such a person. The terms PEP, Politically Exposed Person and Senior Foreign Political Figure are often used interchangeably:

  • Foreign PEP: YES
  • Domestic PEP: NO

Azerbaijan – KYC covered entities

The following is a list of Know Your Customer entities covered by Azerbaijan Law:

  • Banks
  • Insurance and reinsurance companies, and intermediaries
  • Notaries, lawyers and auditors
  • Company formation agents and asset managers
  • Real estate brokers and agents
  • Pawnshops
  • Securities brokers and investment funds
  • Lotteries
  • the National Post
  • Non-governmental organizations

 

 

Azerbaijan – Suspicious Transaction Reporting (STR) Requirements:

Number of STRs received and time frame: 10,874 from January 1 to July 1, 2011

Number of CTRs received and time frame: 97,862 from January 1 to July 1, 2011

The following is a list of STR covered entities covered by Azerbaijan Law:

  • Banks, money remitters
  • Insurance and reinsurance companies, and intermediaries
  • Securities brokers and investment funds
  • Leasing companies
  • Company formation agents and asset managers
  • Lawyers and auditors
  • Company formation agents and asset managers
  • Real estate brokers and agents
  • Lotteries
  • Dealers of precious metals and stones
  • Pawnshops
  • Non-governmental organizations

 

Money laundering criminal prosecutions/convictions:

Prosecutions: Five from January 1 to October 1, 2011
Convictions: One in 2011

 

Enforcement and Implementation issues and Comments:

The AML laws in Azerbaijan leaves out travel agencies, auto and art dealers and other high-valued consumer goods from the list of covered entities, so these are not required by the law to customer information or report any suspicious activities to the authorities. In 2011, Government made significant progress in fortifying the capabilities to contain money-laundering /terror-financing weaknesses by introducing Financial Monitoring Service (FMS), Azerbaijan Financial Intelligence Unit (FIU), and implementing new regulations in accordance with global standards.

Risk

Sovereign risk

The public debt is low and foreign exchange reserves are enough to cover over ten months of import. The further devaluation of manat (Azerbaijan currency) will ease fiscal pressures. Given Azerbaijan’s high dependence on oil exports, however, the government must cut spending in the coming years to keep the borrowing in check.

Banking sector risk

The sharp currency devaluation has placed the banking sector under pressure and will have reduced capital adequacy levels significantly, as foreign liabilities exceed assets. The authorities have sufficient resources to re-capitalize banks as necessary. Some smaller institutions may be allowed to fail.

Political risk

The opposition is divided and fragmented, and has been further marginalised by a government crackdown on dissent. Nevertheless, the risk of social unrest may rise over the forecast period, as economic growth will be slower than in the recent past. A resumption of the war with Armenia is unlikely, but cannot be excluded.

Economic structure risk

Azerbaijan is heavily dependent on oil exports and is vulnerable to global price volatility. The level of integration into the international financial system is low, reducing the risks of financial shocks.

Travel Risk

Security

This would be your own responsibility to travel across Azerbaijan; so the personal safety issue should be kept on priority. The government of Azerbaijan takes security issues very seriously and from time to time issues travel advisory, and in case of any crisis like situation, the policy is to first transport all the foreigners to closet safe location. The Government will assist you in leaving the country safely.

Nagorno-Karabakh and the surrounding areas (see Advisory)

The border with Armenia is a closed military zone because of the unresolved dispute over Nagorno-Karabakh. Despite the ceasefire, in effect since 1994, armed clashes along the border with Armenia and the ceasefire line continue. There are numerous landmines in the conflict zones.

Crime

There are many chances of mugging during the night time in Baku, and around popular public places and dimly-lit areas.  Avoid traveling alone after sunset, do not carry large amounts of cash, and do not display signs of affluence. Keep valuables, passports and other travel documents in a secure place.

Demonstrations

Demonstrations occur and have the potential to suddenly turn violent. They can lead to significant disruptions to traffic and public transportation. Avoid all demonstrations and large gatherings, follow the advice of local authorities and monitor local media.

Transportation

Poor driving standards, badly maintained cars, and insufficient lighting make highway travel dangerous outside of Baku. Pedestrians should exercise caution.

Public transportation is poorly maintained, often overcrowded, and unsafe, especially outside of Baku. Avoid the Baku metro, especially after dark.

Only use officially marked, purple, taxis, which are metered, have seatbelts, and are cheaper than unmarked taxis. Avoid shared taxis.

Avoid long-distance travel by train. If travel by train is necessary, store personal belongings in a safe place and do not leave the compartment unattended. Ensure the door is secured from the inside.

See Transportation Safety in order to verify if national airlines meet safety standards.

General safety information

Carry adequate identification at all times. Keep a photocopy of your passport in case of loss or seizure.

Tourist facilities are limited outside of Baku, Kuba, Lenkoran, and the Abpsheron Peninsula on the coast of the Caspian Sea.

Emergency service

Dial 102 for police, 103 for ambulance and 101 for the fire department.

Address Format

RECIPIENT

HOUSE_NUMBER STREET_NAME [, [APARTMENT] [FLOOR]]
POSTAL_CODE LOCALITY[-SORTING_CODE]

AZERBAIJAN

ILHAM SHAHRIAR
45 Hatai Str.
2012 GÄNCÄ
AZERBAIJAN

Summary

Azerbaijan GDP Last Previous Highest Lowest Unit
GDP 73.56 68.73 73.56 3.05 USD Billion
GDP Annual Growth Rate 5.30 2.80 40.40 -3.80 percent
GDP Constant Prices 16639.00 11525.00 58978.00 656.00 AZN Million
GDP per capita 3252.83 3114.56 3252.83 650.80 USD
GDP per capita PPP 16593.55 15888.22 16593.55 3319.77 USD

 

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